DIRS.INFO The most relevant business & tech news

LONDON, June 2 (Reuters) - U.S. manufacturing and freight activity has declined for seven months running, reflected in falling consumption of diesel and other distillate fuel oils as well as industrial electricity sales. Chartbook: U.S. manufacturing and energy useBecause manufacturing output is closely correlated with consumption of distillate fuel oils and industrial electricity use, the downturn is filtering through into significant reductions in energy consumption. Electricity sales to industrial customers also fell in seven of the eight months ending in February 2023, again the most recent data available (“Monthly energy review”, EIA, May 25). Between December 2022 and February 2023, industrial power sales were down more 2.4% compared with a year earlier (14th percentile for all three-month periods since 1980). Only the residual strength of service sector spending has so far prevented the “industrial recession” becoming a whole-economy recession.

Persons: John Kemp, David Evans Organizations: Manufacturers, Institute for Supply Management, “ Petroleum, U.S . Energy Information Administration, U.S, Thomson, Reuters Locations: U.S

☆ Ruud, Swiatek gain momentum at French Open as Sinner punished
▼ + stars: | 2023-06-01 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +5 min

In a normal match I would have won 6-3 6-2, but here you have the chance to fight like he did. Up next for Andreeva is 19-year-old Coco Gauff - a player who knows all about negotiating instant stardom, with last year's runner-up having subdued Julia Grabher 6-2 6-3 to set up the third-round showdown. American Kayla Day made no secret of her success after a stunning 6-2 4-6 6-4 win over compatriot Madison Keys, thanking her Czech roots for enhancing her tennis skills. Next for the 22nd seed is American 12th seed Frances Tiafoe, who beat Russian qualifier Aslan Karatsev 3-6 6-3 7-5 6-2. French presence in the singles' draws was ended altogether in the last match of the day when Arthur Rinderknech was knocked out by American ninth seed Taylor Fritz 2-6 6-4 6-3 6-4.

Persons: Roland Garros, Norway's Casper Ruud, Sweden's Elias Ymer, Gauff tames, Casper Ruud, Iga Swiatek, Elena Rybakina, Linda Noskova, Ruud, Rafa Nadal, Giulio Zeppieri, Zhang Zhizhen, Thiago Agustin Tirante, Suzanne Lenglen, Claire Liu, Mirra Andreeva, Frenchwoman Diane Parry, Karatantcheva, Coco Gauff, Julia Grabher, Kayla Day, Madison Keys, Daniel Altmaier, Altmaier, We've, Alexander Zverev, Slovakian Alex Molcan, Frances Tiafoe, Aslan Karatsev, Coric, Pedro Cachin, Alex de Minaur, Tomas Martin Etcheverry, Arthur Rinderknech, Taylor Fritz, Shrivathsa Sridhar, Julien Pretot, Pritha Sarkar, Ken Ferris Organizations: Sweden's Elias Ymer REUTERS, Wimbledon, Argentine, Croatian, Thomson Locations: Paris, France, PARIS, Czech, Prague, Slovakian, American, Tunisian

☆ 'Anatomy of a Fall' border collie fetches Cannes Palm Dog in fiercest contest yet
▼ + stars: | 2023-05-26 | by ( Mindy Burrows | ) www.reuters.com time to read: +2 min

[1/3] The 76th Cannes Film Festival - The Palm Dog Awards - Cannes, France, May 26, 2023. Stan, a Border Collie, receives the Palm Dog award on-behalf of the dog named Snoop of the film "Anatomie d'une chute" (Anatomy of a Fall). Messi played Snoop, a role which the jury said required a range of skills and emotions from its doggie actor, making the border collie a worthy winner of the main Palm Dog prize. "It's probably the greatest award ever, so we are truly, truly overwhelmed," said Jussi Vatanen, who stars alongside Alma Poysti in the tragicomedy about a budding romance. The Palm Dog awards have honoured the top dogs on screen since 2001, with categories added this year including Mutt Moment and Highly Commended Canine.

☆ How the New York City metro area's slow legal weed rollout created a boom in 'gray' market cannabis shops
▼ + stars: | 2023-05-15 | by ( Christian Nunley | ) www.cnbc.com time to read: +2 min

The push for legal, recreational marijuana is sweeping across America. The recreational marijuana market is a high-stakes affair. The national cannabis market is estimated to reach $71 billion in sales by 2030, according to data from research firm New Frontier. And the New York state market alone could make up 10% of that, the data forecasts. Watch the video above to find out how the legal cannabis rollout is going in the most populous metropolitan area in the United States, how the push for legal weed is attracting a new class of entrepreneurs and how anti-marijuana activists are trying to slow the fast pace of legal cannabis adoption.

☆ PSG close in on French title as AC Ajaccio go down
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +2 min

PARIS, May 13 (Reuters) - Paris St Germain edged closer to a record 11th French title when they beat AC Ajaccio 5-0 at home on Saturday, sending the Corsican side into Ligue 2 as Lionel Messi faced the wrath of the Parc des Princes. Christophe Galtier's side lead second-placed RC Lens, who beat Stade de Reims on Friday 2-1 despite being down to 10 men, by six points. Ajaccio are 18th on 23 points, 11 points from 16th-placed AJ Auxerre. Messi apologised to PSG and his team mates last Friday and was left out of the squad for their 3-1 win at second-bottom Troyes two days later. He was below par on Saturday as PSG bulldozed past Ajaccio.

☆ Turkey's Erdogan faces toughest test yet in landmark election — with high stakes for the world
▼ + stars: | 2023-05-12 | by ( Natasha Turak | ) www.cnbc.com time to read: +9 min

He came to prominence as mayor of Istanbul in the 1990s, and was celebrated in the first decade of the new millennium for transforming Turkey's economy into an emerging market powerhouse. But recent years have been far less rosy for the religiously conservative leader, whose own economic policies have triggered a cost-of-living crisis. Now, given a recent downturn in support for Erdogan, some fear he may play dirty to ensure his hold on power. The stakes are high for the entire country and, more broadly, global geopolitics – and the mood on the ground is tense. Mustafa Kamaci | Anadolu Agency | Getty Images"I'm very concerned that [Erdogan] may deploy underhanded tactics, cheating and even violence," Ibish said.

☆ These states might be the next to legalize weed
▼ + stars: | 2023-05-07 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

The state became the 22nd to legalize recreational marijuana and follows Missouri and Maryland, which did so earlier this year. Some states are even moving ahead with proposals or ballot measures to legalize weed, putting them within arms' reach of having recreational markets. These are the states that have a chance to legalize adult-use marijuana in the coming years. OhioOhio may vote on whether to legalize recreational marijuana in November. Haren said the proposal also plans to build upon Ohio's medical marijuana program and issue additional adult use licenses to new companies.

CNN —Napoli won its first Serie A title in 33 years after coming from behind to secure a 1-1 draw against Udinese at the Dacia Arena, Udine, on Thursday. The 24-year-old Nigerian scored his goal in front of the traveling Napoli fans, who celebrated the equalizer deliriously. Napoli fans gathered in Naples to watch the match against Udinese. The draw was all that was needed for the visitors who left Udine with the biggest prize in Italian football. Napoli fans ran onto the pitch to celebrate when the referee blew the full-time whistle, with players being mobbed in jubilant scenes.

☆ Matt Gaetz says AOC is 'wrong a lot' but 'she's not corrupt' as the pair joined forces to block Congress from trading stocks
▼ + stars: | 2023-05-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Both congressional lawmakers formed an unlikely team-up on Tuesday to introduce a new bill. "AOC is wrong a lot, she'd probably say the same thing about me, but she's not corrupt," Gaetz told Fox News host Jesse Watters on Tuesday. They and several other congressional leaders warned that congressional trading erodes trust in the government and presents conflicts of interest. Gaetz told Watters on Tuesday that Congress should "disallow congressional stock trading for the same reason we don't allow the referee to bet on the game." Representatives for Gaetz, Ocasio-Cortez, and Frankel did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ India April factory activity hits 4-month high on robust demand
▼ + stars: | 2023-05-01 | by ( Anant Chandak | ) www.reuters.com time to read: +2 min

BENGALURU, May 1 (Reuters) - India's factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signaling resilient demand and an encouraging outlook. The survey results suggest India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries. "Reflecting a robust and quicker expansion in new orders, production growth took another step forward in April. Besides seeing the strongest inflow of new work in 2023 so far, capacities were expanded through job creation, input buying was lifted." Foreign demand also expanded at the fastest pace in four months in April and optimism improved.

☆ Moscow's 'special' forces: An inside look at how Russia's famed Spetsnaz really operate
▼ + stars: | 2023-04-30 | by ( Mark Galeotti | ) www.businessinsider.com time to read: +24 min

Russia's Spetsnaz forces are often depicted as a kind of Russian super troops. Osprey PublishingMost countries' special forces emphasize physical fitness, determination and aggression. Special people, for special tasksMembers of the Russian military's 16th Separate Special Purpose Brigade during an exercise in 2018. Even so, being better than most of the Soviet army's miserable and recalcitrant conscript forces did not make most of them truly special, special forces. The special operations commandMembers of Russian's 22nd Separate Guards Special Purpose Brigade during an exercise in November 2017.

☆ Meta just suffered a major Facebook ad glitch that has advertisers asking about refunds
▼ + stars: | 2023-04-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +6 min

Michael Nagle | Bloomberg | Getty ImagesOver the weekend, Alex Gorlick experienced what he called the worst Facebook glitch he's seen in the decade he's worked in digital advertising. A spokesperson for Facebook parent Meta acknowledged there was an ad glitch but declined to provide details or an explanation as to why it happened. Additionally, the Facebook ad bug impacted companies running ads tied to Earth Day. Hott noted that Facebook experienced a major ad glitch a day before Black Friday in 2020 as well as another similar bug earlier that summer. The main issue for advertisers will be whether they get refunds from Meta because of the glitch, industry experts said.

☆ NHL roundup: Golden Knights defeat Jets in 2OT
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +4 min

It was his first career playoff goal. Laurent Brossoit finished with 30 saves for the Golden Knights, who won their 22nd straight playoff game when scoring at least three goals in a game despite blowing a 4-1 lead in the third period. Kyle Connor had a goal and one assist, and Nino Niederreiter, Mark Scheifele and Adam Lowry each scored during the third-period comeback for Winnipeg. The Jets lost All-Star defenseman Josh Morrissey to a lower-body injury after two shifts in the first period following a knee-to-knee collision with Zach Whitecloud. Jaden Schwartz scored twice for Seattle, while Jamie Oleksiak and Matty Beniers also tallied in the franchise's first-ever home playoff game.

☆ MLB roundup: Clayton Kershaw blanks Mets, gets 200th win
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +13 min

Martinez hit two home runs in his first multi-homer game with the Dodgers and the 19th of his career. In addition to his milestone win, Kershaw (3-1) also improved to 11-0 in 17 career regular-season starts against the Mets. Mets starter Tylor Megill (3-1) gave up three runs on seven hits over five innings. Bassitt (2-2) allowed three hits and walked one batter while notching five strikeouts in 6 1/3 innings. Philadelphia chased Lance Lynn (0-2) with one out in the sixth; he allowed five runs on 10 hits, fanning seven.

☆ Nobody showed up to a best-selling author's book launch. She called it a 'career low point' but found out she's far from alone.
▼ + stars: | 2023-04-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

But nobody turned up to the launch event at the NYT-best-selling writer's local indie bookstore. The launch signing event for her new book, "In Nightfall," was on March 28. Instead, Young tweeted a picture of the 17 empty chairs, describing the moment as a "career low point" and saying she was "crying my entire way home." He said that in his experience, bookstore launch events had been "hit or miss — some packed, some empty, most in between." She'll consider virtual events in future, saying that this was her first book launch since the start of the COVID-19 pandemic.

☆ Pressure to impress for U.S. hopefuls in World Cup countdown
▼ + stars: | 2023-04-07 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

April 7 (Reuters) - Players hoping to make the United States' Women's World Cup squad will step into a pressure cooker on Saturday, as a friendly against Ireland is one of their final chances to earn a spot with the four-times champions. "It all could be the defining moment for you going into the World Cup if you're going to be someone that is a starter, who gets significant minutes," she said. Twenty-year-old phenom Trinity Rodman noted the World Cup was scarcely more than 100 days away, and said she was taking time to connect with veterans and sweat the details. Among those not with the team was one of the United States' most recognizable figures, Megan Rapinoe, who is recovering from a lower leg injury that Andonovski previously described as not serious. "But then there's a certain group of players that every game may matter because they're competing against someone else."

Foot Locker (FL) traded lower early Wednesday after analysts at UBS downgraded their rating on it to sell from neutral and lowered their price target to $30 from $36. One reason why UBS says Foot Locker is challenged is that it thinks Nike (NKE) as a percentage of Foot Locker sales will decline to 55% to 60% from 70% over the next 12 to 18 months. Her expertise is in developing brand partnerships across several different companies, and that's essential for a multi-brand retailer like Foot Locker. Between UBS who put a sell on Foot Locker vs. CEO Mary Dillon who just bought stock, we'll side with the seasoned executive who just kicked off a turnaround plan. Foot Locker exclusive Puma Transformers Trainers released on November 22nd on display on Day 3 of MCM London Comic Con 2018 at ExCel on October 28, 2018 in London, England.

☆ Djokovic to miss Miami Open over vaccine status, tournament director says
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +1 min

March 17 (Reuters) - Novak Djokovic will miss next week's Miami Open after the Serbian was denied an exemption that would have allowed him to enter the U.S. despite not being vaccinated against COVID-19, tournament director James Blake said on Friday. "We tried to get Novak Djokovic to be allowed to get an exemption, but that wasn't able to happen," Blake told Tennis Channel. "Obviously, we're one of the premier tournaments in the world, we'd like to have the best players that can play. Djokovic, 35, is also missing the ongoing Masters event in Indian Wells, California due to inability to secure the exemption. He has not played at Indian Wells or the Miami Open - which together comprise the "Sunshine Double" - since 2019.

☆ 'Stress like 1987': Evercore's Julian Emanuel warns Silicon Valley Bank fallout could force new market low
▼ + stars: | 2023-03-13 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

In a note out Monday, Emanuel highlighted a striking comparison to the 2-year Treasury Note yield plunge in the aftermath of Friday's Silicon Valley Bank collapse and 1987. Evercore ISI is comparing the bank stress to another critical time on Wall Street: The year of the savings and loan crisis and epic crash. He noted the three-day rate of change in the 2-year yield fell from the 5.08% peak to a recent "trough" of 3.99%. "Part of the end game is we do want to see enough of a downturn to make stocks attractive," said Emanuel. "The next thing that we really need to be cognizant of is how credit, in general, trades," Emanuel said.

☆ Women aren't investing at the same rate as men. Here's why it matters—and how the gap can be closed
▼ + stars: | 2023-03-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

BNY Mellon also interviewed 100 global asset managers with $60 trillion in assets under management. One is that the investment industry isn't engaging women to the same degree as men, BNY Mellon's research found. Then there is the high hurdle of the disposable income women think they need to have before they invest. On average, women around the world believe they need $4,092 a month before they would consider investing any of it, BNY Mellon found. "Once you control for income, many of those differences between men and women and investing behaviors kind of disappear.

☆ Florida's DeSantis urges Biden to let unvaccinated Djokovic enter US for Miami Open
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +2 min

March 8 (Reuters) - Florida Governor Ron DeSantis has called on U.S. President Joe Biden to allow Novak Djokovic to compete at this month's Miami Open despite the world number one being unvaccinated for COVID-19. The Serbian, 35, formally withdrew from Indian Wells on Sunday. He has not played at Indian Wells or the Miami Open - which together comprise the "Sunshine Double" - since 2019. Indian Wells tournament director Tommy Haas, the United States Tennis Association and the U.S. Open were among those also hoping Djokovic would be allowed to enter. "The only thing keeping Mr Djokovic from participating in this tournament is your administration's continued enforcement of a misguided, unscientific, and out-of-date COVID-19 vaccination requirement for foreign guests," DeSantis said.

☆ US stocks trade mixed as investors assess outlook for rates after Powell testimony
▼ + stars: | 2023-03-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The Fed Chair warned steeper rate hikes may be needed due to strong economic data. Higher interest rates could also raise the risk of recession, which is weighing on investors. "The labour market remains extremely tight despite 450 basis points of rate hikes in the last year," Lazard chief market strategist Ronald Temple said in a statement. Higher interest rates are also raising investors' fear of an incoming recession. This combination of a weakening economy and more rate hikes would surely push the economy into a recession," Main Street Research chief investment officer James Demmert said.

☆ Citadel boss Ken Griffin made $4.1 billion last year, the most of any hedge fund manager in history
▼ + stars: | 2023-03-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Institutional Investor just released its annual rankings of the highest-earning hedge fund managers. The top 25 hedge-fund managers on the list together made $21.5 billion in 2022, the third highest total in the rankings' history. Griffin took the number one spot on the rich list for the first time in six years. Across the firm, assets under management ballooned to $53.7 billion, according to Institutional Investor. Overall, in 2022 Citadel brought in $16 billion, and returned roughly $7 billion to investors at the end of the year.

☆ The biggest problem with Russia's tanks in Ukraine is the way Moscow tried to use them
▼ + stars: | 2023-03-07 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +21 min

By September, the tally of lost and captured Russian tanks reached 1,000 — more than all the tanks in the British, French, German, and Finnish militaries combined. The first time these British tanks found a fight, only 25 of the 49 of them actually moved when ordered to commence the attack. Nonetheless, before the conflict was over, Churchill himself would decide tanks had, once again, run their course, declaring, "we have too much armor — tanks are finished." And that is the real lesson we can glean from the performance of Russian tanks in Ukraine over the past year. Maxim Shemetov/ReutersThis point becomes evident when you look at Russian tank losses recorded by the Oryx Blog between February and April 2022, when Russian tank losses were at their absolute worst.

☆ USTA, US Open hoping unvaccinated Novak Djokovic gets special nod to enter country
▼ + stars: | 2023-03-04 | by ( ) www.cnbc.com time to read: +2 min

Novak Djokovic of Serbia competes during the men's single quarter final match of Dubai Duty Free Tennis Championship on March 3, 2023. The United States Tennis Association and the U.S. Open are hoping Novak Djokovic is successful in his bid to enter the country after the Serbian, who is not vaccinated against Covid-19, applied for special permission last month. "Novak Djokovic is one the greatest champions our sport has ever seen," the U.S. Open Twitter account said on Friday. "The USTA and U.S. Open are hopeful that Novak is successful in his petition to enter the country, and that the fans will be able to see him back in action at Indian Wells and Miami," it added. Indian Wells tournament director Tommy Haas said in January it would be a "disgrace" if Djokovic was not allowed to compete this year after the Serbian also missed last year's U.S. Open.

Search resuls for: "22nd"

25 mentions found